|
|
|
|
Car insurance and petrol costs push drivers off the road
Expatriate Medical Insurance news about Medical Insurance, Health Insurance, Health Care Insurance, Expatriate Health Insurance, Affordable Health Insurance, Cheap Health Insurance.
The rise cost of car insurance and gasoline is push drivers off the roads, new research from MoneyExpert.com has found.
According to the study, a one-fourth of all UK motorists admit to using their cars less as a consequence of the increasing costs of run it.
More than three one-fourth of respondents said that quickly rising gasoline prices was the ground for them drive less, whereas eight per cent of people questioned said that higher insurance insurance premium and care costs had put them off.
Unleaded fuel now costs, on norm, £107.5p per litre, but regional variations mean that some motorists could find themselves shelling out as much as £118.9 p per litre. In add-on to steep gasoline costs, the norm comprehensive car insurance premium has risen to £629.04.
MoneyExpert.com's Sean Isabella Stewart Gardner, said: "Many people are determination their finances are being squeezed to the limit, and when that limit interruption something has to give. For some that means departure the car in the drive and pickings the bus or bike to work because driving has merely become to expensive.
"Petrol costs are high but the single biggest spending a driver has to business relationship for is their insurance premium. And as it's illegal to drive without it the only way to minimise the harm is to shop 'til you drop and get the best possible car insurance deal you can find."
As the recognition crisis takes hold, it is the non-essential and expensive items such as cars that are being cut back on to make ends meet at the end of each month. As gasoline and car insurance prices rise, cars are becoming out of reach for many motorists and impending tax rises and fuel duties do nil to give people confidence in the hereafter of affordable motors.
The recognition crisis has also had an affect on new car sales; according to the European Automobile Manufacturers' Association (ACEA), most leading car manufacturers experienced a drop in sales for the first quarter of 2008.
The ACEA's report blamed the credit crisis, stating: "In a context of economic uncertainty generated by the US financial crisis car sales in Western Europe were affected most by the decline." Europe's biggest car sales market, Germany, experienced a drop of 14 per cent in new car sales, an indication of how the credit crisis is affecting the world of motoring.
© Fair Investment Company Ltd
|
|